Bullish Obama Suggests Nation Should Buy! Buy!

So Obama preached gloom and doom, crisis, great depression, financial meltdown to get his Stinkulus Bill passed.
And now we’re all supposed to put on a cheery face and go shopping.
Uh huh.

Hmmmm, earlier today Banancke said American households will have to reign in their spending…

Jake, you the only one in the media that refuses to follow the PRAVDA lead. How long can you hold out …

Sure, Mr. President, as we see the alleged stimulus package “take root”, we’re all gonna turn oh so bullish on the economy and start buying stocks again. The market is down 3000 points since the election and now you have something to say and this is it?
“What you’re now seeing is … profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it.” Yeesh, if I didn’t know better I’d think he was speaking off the cuff. His handlers need to write better material. He sounds like a member of the Politburo who never even heard of a stock market.

Obama has even had a Recovery emblem designed. It will stamp every project the stimulus plan touches, although I doubt it will be on my 401(k) statement or tax bill.
It is, of course, in the shape of an O.

” Obama has even had a Recovery emblem designed. It will stamp every project the stimulus plan touches, although I doubt it will be on my 401(k) statement or tax bill.
It is, of course, in the shape of an O.”
Tell me this is a joke somewhere. Is he really putting a label resembling him on the billions of dollars of our money that he is doling out?

Get A grip People stop Worrying so Much about the Market, And the Nerve of some of you To blame President Obamas For Bushes Faliures.Maybe If we Had A President For 8 Years and not An Idiot Moron who Let the Free Market And Banks go wild, We Would not be in this Mess But keep Blaming President Obama it only Makes you sound STUPID

The market has been in free fall since Obama secured the nomination. Feel free to blame that on Bush, it’s easy and doesn’t require any particular knowledge of how markets work.

The Markets are Responding To the Housing Market, As well as Unemployment And until We fix these. The Market will Continue to Sink

The market has been in free fall since Obama secured the nomination. Feel free to blame that on Bush, it’s easy and doesn’t require any particular knowledge of how markets work.
Posted by: Joanne600 | Mar 3, 2009 1:58:51 PM
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As you know fully well, the Market is on the future, not the past.
Market does not like what it sees in the future and has zero confidence in PB0′s abilities to understand the economy. This is further evidenced by his ability to select a dud in Treasury Secretary, who arguably is the most important job in this current administration. Consequently, who knows how deep it’s going to fall.

Buy with WHAT!?! Forelosed houses, reposessed assets, consumer debt? WHAT!?! Oh right, were gonna lend more money to buy things we don’t need with money we don’t have, to people who are already in debt and can’t pay their bills. The banks you gave all that money to are hoarding it Barack! How does insolvent banks buying up the healthy banks help anybody but Wall St. and the ponzi scheme bankers, who created this mess in the 1st place? I guess Barack was absent when they studied fallacies at Harvard…

There is no Quick Fix to this, It took along time to Get To this Point Its going to Take time to Get out of this Mess! Be patient!

Uh oh, signs of life in the economy. Another nail in the Rushpublican coffin.

Mildred
Obama In 30 Days or So Into office caused you to Lose your Life Savings now thats Priceless what Morons out there, You really think People Believe that Garbage?

Who are the bankers who sold the bad loans?
Republicans
Who are the poiticians who deregulated the market?
Republicans
Who was controlling the White House when the market crashed?
Republicans
Who are the Bank CEOS who enjoyed huge bonuses for bad decision-making?
Republicans
Who are the people working at the banks and on Wall Street?
Republicans
Who are the people trying to pin the blame for thier own failures on to the current president?
Republicans

During the campaign obama was saying how much the stock market was going down and how people were losing money.
Now that the market is still freefalling Obama now says they are like tracking polls that go up and down.
I don’t understand the up part with this stock market. Where has Obama seen the market going up?
But it really doesn’t matter. With the new demographics in america this is now a one party country. Illegal immigration has turned america into permanent democratic party one party system

Who Let the Free Market Go wild?,Who Let the Banks do Whatever They wanted With no Regulation No Oversight? WHO I ASK President Obama in 30 days hahahahahahahahahahaah lolol

reason,
Your post is false. I’m not going to go through them all, but keep in mind George Soros, the first major contributor to Obama’s campaign, operates the #2 largest hedge funds in the country. The real truth is that is mixed, just like the rest of the country.
Actually its probably more accurate to say that they are in either party when it benefits them.

There are a bunch of Republicans acting like eight-year-olds on this message board.
If the market bounces back tomorrow, does that mean Obama is awesome?
If the market falls tomorrow, does that mean that Obama suks?
What if it stays level, is Obama average?
I don’t know how you people turned your computer on. Get a clue.

REASON
The Bitter Republicans are In denial they Refuse to Accept W Created this Mess! For the Next 4 Years the Republicans will Blame all of W’s Disasters on President Obama, they Dont want to Admit their President was A DISASTER To this country! so By them Blaming Obama it makes them Feel Better!

The DOW is up 0.64%. That’s because Obama drank a Coke at lunch.

FYI -It’s a bear (buy low), not a bull market. But then bullish sounds bullying with a more negative effect than a bearish Obama.

Actually, I did start buying stock last fall and made some money. Then 0 was inagurated and I am down 60%. This guy is like a 7 year old attempting to pilot a 747. Sponge Bob and Patrick could do a better job. Oh, and just how much money is he going to take from my earnings with his capital gains tax???

jpt writes:
“The president said his “main message to the American people is to just recognize that we dug a very deep hole for ourselves.”
To quote Tonto — if that’s still politically acceptable — “whaddya mean ‘we’, white man?” It’s Obama’s corporate backers who have dug the deep hole, and the people in general who have fallen into it, along with several trillion dollars disappearing by the day into corporate never-never land.
Meanwhile, the Ecstatic Executive sounds hysterical on happy-gas.
Better He should get out of his three wars, and stop trying to drag Russia into a playground game of “let’s-you-and-him-fight”.
If this individual weren’t wearing the “black” birthday suit, there’d be widespread press speculation as to His ability to discharge His duties … and with THIS speech, especially with Geithner STILL there, probably speculation as to His sanity.

MILDRED
For your Information I work for a living, And My 401k Is sinking too,Im not happy but to Blame Obama who Has Been in Office for a little Over a Month is Crazy! and Please Correct yourself BUSH HAD A REPUBLICAN CONGRESS FOR 6 OF HIS 8 YEARS!

I’m glad to hear Obama isn’t your president Colorado, just as I’m glad that the US isn’t your country.

I agree – this is a REALLY good time to increase investments (401K, mutual funds, IRA, etc). Especially for real (long-term) investors. Republicans are toooooo funny…

Mildred
Read My Post about Denial! DENIAL is a Bad thing Admit W Was a Disaster for this Country Just come to terms with it And you will begin to Be Ok! hahahahah lololololol

MILDRED
For your Information I work for a living, And My 401k Is sinking too,Im not happy but to Blame Obama who Has Been in Office for a little Over a Month is Crazy! and Please Correct yourself BUSH HAD A REPUBLICAN CONGRESS FOR 6 OF HIS 8 YEARS!
Posted by: Angie in PA | Mar 3, 2009 2:34:00 PM
++++++++++++++++++++++++++++++++++++++
Angie in PA:
Just can’t admit that he had a democratic congress for the last 2 years, can you. Peelosoi, Breed, Farney
and Pdod were the driving factors of this porkulus bill that is going to be your “golden paracute”.

I’ll buy whichever stocks Obama is buying.

Didn’t Michelle and Barack mock Bush for telling the country to go out and shop after 9/11? What is the difference between telling the country to shop and telling the country to buy worthless stocks?

MILDRED
For your Information I work for a living, And My 401k Is sinking too,Im not happy but to Blame Obama who Has Been in Office for a little Over a Month is Crazy! and Please Correct yourself BUSH HAD A REPUBLICAN CONGRESS FOR 6 OF HIS 8 YEARS!
mildred what part of the eight years is when the economy started tanking the first six or the last two when republicans didnt have the congress

Anybody who falls for the stock market ponzi scheme that the government is running, deserves to lose everything they have. Maybe Obama should look at bringing jobs back from overseas, and beefing up US industry and manufacturing. The middle class in this country just doesn’t have money to waste on gambling on a ponzi scheme that only benefits wall street.

BARB
They cant see Reality Because they are In denial About W It Makes them Feel Better to Blame President Obama!

This ABC headline is a joke. I watched the news conference. ABC is playing games with the question mark again – their favorite punctuation.

marylou >>> You are 100 % correct.
My 401K has tanked and Obama doesn’t care about the gyrations of the market. Instead of creating a package to build up business he has started and fed class warfare. The word CRISIS was used at 17 times in one speech. Obama the most failed president of all time. He has destroyed more wealth and in turn created more hardship than any other president. His flaming the financial Crisis with this doom and gloom speeches, his spending us into generational debt that doesnt build business and grow the economy.
States starting are reminding him of the 10th amendment. Consumer confidence lower than ever.
HOW much worse can he make it. I guess when some of the GITMO men come back and blow up a building his failure will be complete.
The PRESS pretending that he is great because of the their hand in getting him elected by being start struck with no objectivity.
Obama WORST president in history.

Mildred:”Just can’t admit that he had a democratic congress for the last 2 years, can you.”
And a Republican Senate that launched more filibusters than ever before in the history of our government – more than in the first 100 years of the Senate combined. Besides, any grade schooler knows that a president cannot implement policy change but can stop any changes through the use of the veto. Republicans own the last 8 years, that is simply fact.

Sounds just like Bush! :)
But Obama has always been a fairy tale and a roll or the dice!
And many surrender to his arrogant, obfuscating, manipulative, stalking and seductive foreplay!
Obama is raping America, and the product of this unholy union will diminish the USA for generations! :(
Back to basics America – A house is not a home unless its inhabitants put down roots in the community and contribute their share relationally and monetarily.
And a country is not a home unless its inhabitants put down roots in the heart of that country and contribute their share relationally and monetarily.
Do we really want the USA to be a dehumanizing “nanny country?”

Obama’s supporters don’t have money or why would they all be looking for cradle-to-grave entitlements???????

Does *he* know he’s announced a capital gains tax rate hike for 2011?
==========
good one! He’s clueless

For God’s sake. if you’re going to call someone a Communist at least make sure they get both their “m’s”

Bush is not blame-free in this mess. I am not saying that. Congress–including the Democrat-dominated Congress of the past few years, not just the Republican-dominated Congress before it–is not blame-free either.
I was willing to give Obama a chance, even though he wasn’t my choice on election day. He’s not proving to be sufficient to deal with the challenges. He’s raising taxes and spending like there’s no tomorrow.
I don’t have confidence in Obama. Call me names, if you wish. The fact is this: I don’t have confidence in Obama. I believe his policies are making me poorer, not richer. (No, I am not a wealthy person, BTW.)

In a related story, Hugo Chavez says rice shortages aren’t the fault of his policies they are the evil rice producers who don’t want to make rice. But don’t worry, he’s sending in the military to force them to make more rice and soon the country will be flooded with new rice. And every week he will report on how much rice the military has collected from the farmers to show them just how much rice has been made.
I don’t see any problems with this whatsoever.

Besides, he’d only confiscate any proceeds to further his goals. (Say it with me…”Reparations”.)
Posted by: DB | Mar 3, 2009 2:54:25 PM
++++++++++++++++++++++++++++++++++
DB:
You got it!!!! Think maybe that was in the minds of a certain % of the voters?
Something for nothing!!!!! Name of the game these days.

When y’all use the word “congress” are you using it to include both houses or just the representatives? Because if you are referring to both houses, democrats and republicans each held the senate for an almost equal amount of time when Bush was president. And Bush never had a super majority Obama does. And just for the record, Obama was in the senate for 4 of those years and never once made a stink about anything, including TARP, which he voted for. With no strings attached. Go figure.

Caroline:”By going to church every Sunday, I have peace of mind no matter what’s happening around me. Thank God for that, I don’t think I ever thought going to church had benefits. ”
Better watch your phrasing in here. Obviously you would not be going to church if you did not know the obvious benefits. But yes, it is in times of stress that what as a child felt like a duty can show itself to be a true asset even in the material world.

Whoa…Obama says that buying stock is “potentially” a good deal in the long run? Way to commit, there. I suppose he could potentially get reelected if the economy turns around before 2012.

“Hugo Chavez says rice shortages aren’t the fault of his policies … he’s sending in the military to force them to make more rice…
I don’t see any problems with this whatsoever.”
Considering Hugo Chavez is a hero to the left, that’s freaking scary isn’t it?

Angie’s photo must be next to “stupid” in the dictionary. Fact: what good is regulation when barney and dodd shoot the messenger when regulators are sounding the warning? Yes, republicans were weak-kneed in demanding dannie and freddie be reigned in. But who let them go on and who stopped legislation to reign them in?
DEMOCRATS!
Democrats would rather the whole economy crash than admit oboma is the DUFUS that he is so don’t figure the idiots on this forum will ever wake up. These forums are the only place they can avoid truth

Posted by: Mildred | Mar 3, 2009 3:04:50 PM Mildred, I agree, I read blog after blog where it was said “We are in charge not it’s pay back time. I was at Walmart the other day and 2 black girls took my merchandise out of my cart, threw it on the floor and then put their stuff in while I was around the corner. When I came back and called them on it and even pointed to my stuff on the floor they said “Idon’t know what you talking about lady,dat’s my cart. They got right up in my face and I’ll tell you I was scared.

I would be embarrased right now if I had voted for Obama

I agree – this is a REALLY good time to increase investments (401K, mutual funds, IRA, etc). Especially for real (long-term) investors. Republicans are toooooo funny…
Posted by: Nichole | Mar 3, 2009 2:38:22 PM
+++++++
I don’t care what your party, democrat or repub.
Take what advice you want, but remember it only took 14 trading days for the DOW to drop from 8000 to below 7000. And many say we are still nowhere near the bottom yet. Then it will be a slow rise again once we do hit bottom.
Look at it this way: If you invested in the DOW back in late 1997, now some 12 years later you would have less money. That’s not even counting the reduced spending power of todays dollars compared to what they would have bought back then. You might also want to consider what will happen to your dollar’s buying power once China stops lending us money and the runaway national debt starts creating out of control inflation.
We still haven’t hit the commercial real estate bubble bust. And then there is the cost of social security benefits for all the baby boomers on the horizon. Add to that all the under funded pension plans still out there…
If you haven’t noticed.. I’m not feeling too Bullish right now. Even if it is Obama saying I should be.

Why would I invest now – Under the Obama administration, if companies are successful and make big profits, they are called ‘greedy’ and heavily taxed. If they fail, they are bailed out by my tax dollars. If I make a profit on rising stock prices, I am taxed heavily on the gain. There is nothing to be gained from investing in the current kleptocracy which demonizes success and rewards failure. Atlas Shrugged.

Obama is delusional if he thinks the dow is bobbing up and down, its sinking like an anchor!!
And he says I shouldn’t spend time worrying about my retirement account on a daily basis. What???? When should I worry about it, when I’m 65 and broke.
WHERE CAN I GET A CUP OF YOUR KOOL-AID!!

Obama cares nothing for this country or it’s people. He promises handouts to the takers to get their votes and rapes the working class to pay for his ridiculous dream projects. Can someone please tell me how 60% of Americans approve of hime in these polls? He is sending $900 mil to Gaza knowing Hummas will get at least a big part of it and is giving amnesty to 20 million illegals including criminals and gang members, all they have to do is say they are changed. The tax payer will pay all legal fees for lawyers representing them. This is totally insane. They also are entitled to education that even tax paying citizens are not.

Next step is to FORCE you to invest at gunpoint. With taxes for bailout money. And then the State will own the stock markets and all corporations, too. Welcome to the Communist State, comrade.

I would be embarrased right now if I had voted for Obama
Posted by: billy bob | Mar 3, 2009 3:13:02 PM
=====================================
In 6 months you can’t find anyone that will claim that they voted for him. You can’t cure stupid. Hopefully in 2 years we can clean out part of the mess that is creating our problems.

“What you’re now seeing is … profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it,” the president said on a day that trading continued to hover under 7,000.
————————————–
How long does one’s perspective need to be?

Mildred I just hope it is not too late in two years to turn things around.

“Why would I invest now – Under the Obama administration, if companies are successful and make big profits, they are called ‘greedy’ and heavily taxed.” Such a true and sad statement. The class wars BO is starting are horrible, even FREINDS of ours who do not do as well as we are resenting us. Blogers want us all dead, Bidden and BO have done everything in their power to make people think the rich are theives, and also $250,000 a year for a couple in a big city IS NOT RICH!!!!

Seriously, who needs their 401ks that we’ve been paying into for 20 years when the government will be taking care of all us in our old age…we’ll all be working basically until we’re dead… living in trailer parks, lining up at the local ‘free’ clinic weeks in advance for our appointments with I can’t even imagine what type of doctor. My retirement picture is depressing.
Please pass that Kool-Aid!

“If” Obama is only in office for 4 yrs than my best guess is that if you put the stocks you buy today in a trust for your great, great, great, grand kids, they should make a 6% return.

Someone obviously told him it’s more important to be positive instead of covering his bases with negativity in case this bailout scam doesn’t work.

I would be embarrased right now if I had voted for Obama
Posted by: billy bob | Mar 3, 2009 3:13:02 PM
=====================================
In 6 months you can’t find anyone that will claim that they voted for him. You can’t cure stupid. Hopefully in 2 years we can clean out part of the mess that is creating our problems.
Posted by: Mildred
——–
They all still have their Obama Hope and Change bumperstickers on their cars – wonder how long before those start disappearing?

kat:”A big, hearty thank you to the 54 million people out there who voted for this vacuous moron. ”
69 million people voted for Obama, Yes, that is more than any other candidate, but when you look at it as a percentage of the US population to account for growth, incumbent Ronald Reagan in 1984 slightly bested it. So Obama only has the second largest base of support in the past century (no data for before then in the 3/5ths and men-only voting era).

CNBC’s Jim Cramer called it right this morning. It is “amateur hour” in the Presidency.
Of all the possible candidates, Obama was the least prepared to handle economic or foreign policy issues. He has had absolutely NO contact or development in either area. Obama’s world has been ACORN workshops and seminars with aging “revolutionaries”. And to further the disaster, Obama is so arrogant in HIS supreme ability that he will not accept that he lacks the knowledge.
Obama simply isn’t intelligent enough to realize that the markets and economy are crashing because the money knows that his policies are a recipe for a disaster. The money has been cashing out since Nov 4th, 2008 and pretty speeches are not going to get investors to throw their money in an economy which is bound to contract.
If he was serious about wanting to increase the economy, he would come out tomorrow with a pro-business agenda and getting money in the hands of consumers, not increasing government.

HA HA.
WHAT A HOOT–OBAMA CHANNELING BUSH
GO SHOPPING.
HA HA HA

jhw539 You got the point.

Contrary to the ill wishers, the economic stimulus will make a positive impact, so it would actually be smart investing to start buying on the bear market. The sooner the better, I’d say.

jhw539 You are not one of the “69 million” are you?

“WHAT A HOOT–OBAMA CHANNELING BUSH
GO SHOPPING.”
The “Obama” organization is also channeling Cheney-Bush on executive privilege and secrecy, domestic spying, and adoration of the soldier cult.
Go shopping with WHAT, a zillion people are wondering.

This market has not even come close to its bottom. Moreover, that hopey changey thing apparently doesn’t apply to the investor class so Obama is turning on his market mojo, just his Marxist mojo.

Buy stocks? I’d love to be able to buy stocks, but, unfortunately…
1. I am NOT a loony-left liberal d-crat TAX CHEAT, so I can’t “geithner” my taxes to have money for stocks
2. Nor am I a slug, slacker, liar, deadbeat, loser or incompetent who worked the system to get a mortgage I could never realistically afford, with lots of help from d-crat buffoon barney frank – so hussein won’t pay my mortgage with tax dollars from hard working, responsible American taxpayers, which means I have to keep paying my mortgage instead of buying stocks
3. Also, as a hard-working, responsible American citizen taxpayer, I will not be getting welfare payments (i.e. something a loony-left liberal d-crat calls a “tax cut”) from hussein as part of his wealth-re-distribution plan – so I won’t have that money to invest in stocks.
4. And, finally, I have to conserve by money since I, like every other hard-working, responsible taxpayer, will soon be hit with hussein’s massive TAX INCREASE. As plagiarist-joe biden says: “Raising taxes is patriotic”. So hussein’s left-wing government will confiscate the money I would like to use to buy stocks.
Thanks for the recommendation, hussein, but your outrageous, marxist policies have scr*wed me to the wall and prevent me – and every other hard-working, responsible, taxpaying American – from have any money to buy stocks. Maybe, some of your slug and slacker pals can divert some of their welfare payments from drugs and booze to buy stocks.

bct:” Do you honestly think Obama is not going to raise that tax too to pay for all these bailouts. Congressional Democrats are always cranking out that gem of class warfare.”
The FACT is that capital gains tax rate is currently about HALF what it is under Reagan. The FACT is that Obama is proposing raising it equal the lowest amount it ever was. You seem entirely ignorant of how low the Republican borrow-and-spend government has driven tax levels in this country.
A progressive tax system was invented and put in place by the people who have the money for a reason – it is the ONLY approach that has ever, in the history of the world, been shown to support a prosperous and free country. Returning the tax system to closer to where it was in the 90′s, good years for everyone, is hardly class warfare.

“I don’t know about the rest of you, but I’m planning on just laying low”
I attempted to tell a bunch of Leftists this exact thing back in Oct\Nov, especially when the market began its crash on Nov 4th, but most simply do not understand.
They really believe that stock prices are like a report card from high school. It is beyond their capacity to see that the market is a projection of the anticipated direction of the economy.
Now I just simplify it down to:
What did you think that the “rich” were going to wait around quietly until Barry and his gang of communists came to spread their wealth?

Dispute just one piece of the above information reason. Just one.
Posted by: James Stephenson | Mar 3, 2009 3:41:28 PM
=================================
Wasn’t an exec of Freddie or Fanny was a significant other of Barney Frank?

actually good hear something positive whether its true or not. i tell my wife she looks good and she feels better as a result. mat not be true but it is to her and that counts.anything better than doom doom doom.

jrw539 What do you think about this plan???He is in the process right now with the energy tax (cap and trade tax) This will cost everyone every time you fill up your car, use electricity, buy products that consume fuel to produce ect. ect.

” … so it would actually be smart investing to start buying on the bear market.”
We GET it that this is pirate times for those WITH $. The bazillion with NO $ don’t engage in “investing” smart OR dumb.
What did they DO to the economy, exactly, back in September when it looked as though, for all the fixes at every level, the “Obama” organization would NOT “win” the election??
Whatever it was, they can’t undo it … so seem to be contenting themselves with emptying the Treasury into corporate pockets.

“Secondly in 2002 the Bush Administration tried to reign in Freddie and Fannie and was stymied by the Democrats in Congress.”
How incompetent is the Bush administration to have been stymied by the minority party without even a filibuster? Seriously, they were the majority in the House and took the majority in the Senate. What mechanism did the minority party use to stymie the efforts of the most-popular-ever (in the wake of 9/11) president and the Republican Congress? How hard did he really try?

pt …if you are so right about repubs best that woory about your own leader and let us dimwits worry about rush and our party.

catman, billy bob:
Does that fall under the don’t ask, don’t tell policy?? HA…
catman: That was a good one.

I actually don’t find it hard to believe that I have read here that the current situation is being made worse by Obama. That jury is still out, although for blame, let’s look at the BUSH administration’s and 8 years of profligacy, cronyism, and ineptitude.
Many of the posts push the Dem vs Rep debate. That is idiotic. It is the have vs the have-not debate. The bailout is the last grab at the remaining wealth that the U.S. has. Step outside the box of partisan politics and see that this is NOT something that either party owns or that either can resolve UNTIL THEY REPRESENT THE PEOPLE against the MONIED INTERESTS who just want to make money by USURY and Financial legerdermain. TRUE BUSINESSES that make THINGS in AMERICA should have their taxes cut. FINANCIAL manipulations should be taxed at VERY HIGH rates ( 90% and more ), with patient capital rewarded based on some predetermined formula as we do now with short term and long term capital gains.

Does anyone have any money to invest? Too many people voted for this idiot.

mildred…thank you

Hey everyone, he did afterall promise “change.” He should have specified that he was referring to nickels, dimes, and quarters.

Billy bob: I’d bet you can’t define “liberal” because Rush never does.The so called race card was always there. Where do you think racism went except into denial? The evidence is the double standards applied to BHO by those who were tolerant of any and all Bush mis-steps but are now experts and critics about any and everything.

Investors don’t like BO policies. Just maybe the bailouts, the threats levied on Wall Street and the 3 trillion budget actually aren’t working. Is this his vision of socialism? Can’t wait to hear the next nonsensical comments from Nancy and Harry.

I am heartened to see that it will start costing everyone in proportion to how much they use so the magic of the market can go to work on optimizing consumption.
Posted by: jhw539 | Mar 3, 2009 3:58:28 PM
You are going to have to clarify that remark.

Same as our current President used in his campaign to shut off discussions on him.
They used “race”.
The video is out there and is truly a disgrace to see as Barney Frank and the other leftists on the Banking committee lambasted the FEDERAL REGULATOR who conducted the audit and found the problems and was reporting them back to the committee. He was accused of racism and not wanting minorities to get housing like whites. Then they claimed it was witchhunt against the host of former Clinton era leftists who were running these agencies. And your valiant Liberals personally vouched for the soundness of corporations and the expertise of the Leftists running them like, Raines, Gorelick and Rahm Emmanuel.
This video should have been played wall-to-wall before the election in order to show the utter disgrace which Barney Frank and the other Democrats made of attempts to reign in Freddie\Fannie.
But of course, our beloved MSM had some leftists to get elected so whitewash and distortion. A newscast is NOT hosting Barney Frank and Chris Dodd to discuss the “attack” by the Republicans.

Mike in Carolina I hate to break it to you but the majority of all of the racism i saw was within the Democratic party nomination, not from the republicans.

How many BILLION will the banks, auto industry consume within their mis-managed web of deceit? This seems to be never-ending! They continue to come back for more and more! I’m beginning to think as most did earlier before the TARP monies were dealt out, that the AMERICAN TAXPAYORS should have gotten that money to really STIMULATE THE ECONOMY! I think it’s even more foolish that it was going to ‘trickle down’ to consumers…WHAT A JOKE! I know personally, if I had been given 20K dollars, I would spend it!!! We’ve got it wrong…it’s TRICKLE UP that will work.

Exactly. The Democrats have always played the race card when the Republicans called for investigations into Fannie and Freddie. I fault them for caving and I fault Bush for that as well. Team Obama will continue to play the race card because it discourages any sort of scrutiny or criticism.
Posted by: Joanne600 | Mar 3, 2009 4:12:55 PM
You hit the nail on the head with all of the above.

Obama is wrong, wrong, wrong on this one — sorry but it’s true. Right now people should save, save, save — not buy, buy, buy! Buying stocks when they are at rock bottom is risky! Much better to wait until they start to go up a little and show some stability.
I can’t believe only a few months ago we were mocking McCain and saying he didn’t understand the economy!
At this point, I”m starting to bury gold in my backyard because at the rate we’re going, things are going to get pretty bad pretty fast!

BHO trying to sell Wall street & Americans a false bill of goods. They already know that things don’t look very rosy. – What a fool President. “Yes! We can’t.”

Clint: “Bought a new Harley Road King today. Gonna start turning loose of some of my money. Time to start living again and sharing what wealth I have with other American workers. Buy American!”
I love my Harley Sportster, but let me tell you a little story. One of my Clients makes Gaskets. I helped them move their Data to a new Software system at the end of last year. They have a plant in Mexico that makes Gaskets also. Guess ‘WHO?’ buys Gaskets made at this Mexico Plant? :)

billy bob wrote: “Just Tex You are getting way too technical for our liberal friends.”
That’s likely so. However, IF they can absorb some amount of reality, The Truth Will Set Them Free! ;-]

Billy Bob: I honestly believe you because you can’t see what you’re not really looking for. In the 60′s the GOP fought tooth an nail to keep blacks from voting and using public accomodations.Don’t take my word for it. See the Congressional Records (or news archives) and don’t forget to note the fillibustering which they refined into a modern day art.

Who is he talking to about investing in equities. He must be talking to the big institutional investors who are capable of swinging the market one way or another. They will know when to get back in not the President. Dangerous political step if the market continues down or just floats around these lows for sometime.

Boy, Obama is singing a different tune about the market than he was back in October 2008 when he said that we had to act immediately to stabilize the market.

Just Tex:”I’m very aware of the entire history of economics, throughout history. ”
Why do you insist that a 20% capital gains tax is a disaster when it has been shown to have worked during every major expansion (and recession) except those under George Bush? Why do you put ideological theory above observed reality? It just doesn’t make sense.

at least Obama can complete
a sentence, nice to listen
to a intelligent President.

He must have been talking to his hollywood friends because who else has any money left? What a clown.

the man is CLUELESS. THANK YOU so much for electing an idiot.

Mike in Carolina wrote: “In the 60′s the GOP fought tooth an nail to keep blacks from voting and using public accomodations.”
Nonsense. A Republican (Lincoln) freed the slaves. Republicans proposed and enacted every single “Civil Rights Act”, starting at the end of the so called Civil War. And, Republicans fought against Southern Democrats tooth and nail, to see to it that Blacks could and would overcome the effects of Democrat created segregation policies.
Lyndon Johnson himself, was an avid racist and complete segregationist, until he saw the writing on the political wall, and all the emerging political advantages, of supporting Civil Rights. Only then, did Johnson and most other elected Democrats embrace causes traditionally supported by Blacks.

eldon – you a poet? maybe you know it? i hope obama doesn’t blow it, but i doubt b/c i know better.

Mike – LBJ started the War on Poverty 45 years ago and has done a wonderful job of keeping Blacks on the Democratic plantation. It was simply the beginning of vote buying – would have been nice if it had all worked out in terms of helping people, but instead it has largely kept people dependent upon the state and unable to care well for themselves. New Orleans’ response to Katrina was evidence of the mentality. People unable to take care of themselves because the state has been doing it for generations. I am no more proud of that legacy than I am of slavery. The shackles just look different, but the lack of respect is the same. You can blame both parties in this country at various times for racial issues, but the welfare shackles are the property of the left. Now all that was undone under Clinton is being revived under Obama in the form of a once again larger welfare state.

clint….sounds like fun….you know where the saying dont give up the milk free started? the great depression. EVERYTHANG has a value so dont give it away.will liberals go long with decriminalization?

So now we’re supposed to take financial advice from a man who has never owned a business, never WORKED for a business, hires tax cheaters to oversee our money, puts us 3 TRILLION dollars in debt by spending money we don’t have on pork we don’t need, and whose every utterance sinks the Dow Jones lower and lower?
No thanks. Sell your Hope and Change and your Tutti-Frutti Kool-Aid drink to somebody who still has money. My money’s going under the mattress.

Buy what? My job is gone twice!! not once twice! I have to emphasize this because I’m 43 and getting another job never mind the two I had sounds, Nobody wants someone who is My age, I can’t get a job doing anything in my area, so buy what? Do You have a Bailout plan for people who just spent their lives working to pay taxes and lost long term employment? I don’t have to hold my hand out, never have and I’ve come real close lately and to be honest with you, I’m starting to question the Integrity of our whole System, Do you mean to tell Me this President doesn’t know the numbers are down because we have no jobs? Or is it just Me? A record High, High , High does He know this or are we just wasting time? Buy what!!!

“You can’t teach an old dog new tricks” and you definitely can’t teach a brainwashed Democrat anything either. The proof is written all over this place.

David wrote: “Do You have a Bailout plan for people who just spent their lives working to pay taxes and lost long term employment?”
Don’t forget David, you’ve also lost about half of your retirement, if it was wrapped up in a mutual fund, like so many plans are…
And, if Obama has his way, your retirement will likely fall even farther down the socialist memory hole, before he’s finished paying off all his short selling Left leaning pals, like Buffet and Soros.

I recall Obama saying during the campaign that he had never invested in the stock market. I got the impression he was rather proud of that.

Just Tex:”Republicans proposed and enacted every single “Civil Rights Act”, starting at the end of the so called Civil War.”
Any student of history is aware of the Dixiecrat era. Likewise, they are aware of the “Southern Strategy” and exactly how many of the dozens of black representatives in Congress are Republican (hint: zero).

Sorry Prez, no money to buy with….you and your friends gave it to the banks who in turn will NOT give us a break. And the market is not bobbing, it’s called TANKING!!!!!!! “We” did not get “us” into this mess, Washington did. Of course this is all in the hopes that he or some of his people read this………Obama staff: Please forward this whole section….I think Prez needs to know what’s really going on out here…or if he needs to know where to forward MY Stimulus check to help buy up some of this stock………

I swear to God this man is crazy

msg:”remember when Obama promised to take a scalpel to any PORK in any bill or budget, utilizing LINE ITEM VETO.”
No, because he NEVER SAID THAT. As a constitutional scholar he – actually, any high schooler – knows the president does not have a line item veto and the Supreme Court has declared a Presidential line item veto as an unconstitutional usurpation of Congress’s ‘power of the purse.’
Please try to stick to reality rather than fabricating nonsensical quotes out of whole cloth when you’re attacking Obama.

The right wing is out in force in these comments. They must glue themselves to their monitors all day long. No wonder they’re losing money…they don’t seem to work…just sit around and criticize! With that kind of poison out there, it’s a wonder we’re still alive. Negative thinking never got anyone anywhere. Whether the conservatives like it or not, Obama is in for the next four years. Get used to it!

Lord, we heard this 8 years ago after 9/11 and teh Tech Wreck. The markets are at 1997 levels.
how long is long term? My poor parents are now in their late 60′s do not have 10 plus years to wait.
I am not sure if any of us have 10 years to wait. If we have cash, maybe should just keep paying down the credit cards to match the decreases in credit limits that come every day. You pay down to improve your FICO and darn, if they do not lower your limit and your FICO again!
I wanted to go to cash in 2001 and am moving that way now. Cash and gold are perhaps the best bet, if you ahve funds available.

nobias88:”Read this Wall Street Journal article. Even a left-leaning newspaper cannot defend Pres. Obama anymore.”
Wow, you’re calling the Wallstreet Journal (owned by the same company as FoxNews) left leaning? How far out there are you?

Why should anyone believe Obama that now is the time to invest? Every time he talks the market goes down. Mr. Obama SHUT UP. You are killing my retirement account.

boxcar:
“There is a democrat from West Virginia”
…
“You just dont get it…its not about party.”
Then your original post made absolutely no sense.

It all makes sense if you understand that he is doing this on purpose. Who benefits from a collapse of our system?
Anybody? Bueller?

The president said his “main message to the American people is to just recognize that we dug a very deep hole for ourselves. There were a lot of bad decisions that were made.”
Why do I feel like the hole is getting DEEPER due to the WORSE bad decisions being made?

“What you’re now seeing is … profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it,” the president said on a day that trading continued to hover under 7,000.
Actually it’s called the Price to Earning Ratio.
It sort of defeats the purpose of trying to encourage investors when you screw up the most basic of terminology.

jhw539 you started this line…I didnt

Who voted for him to became The President?
He thinks he can fool you for the 2nd time.

I work in a music store, that sells high end pianos.($1,000.00 up to $125,000.00 WE ARE DYING!! Thanks to BHO. Who do you think buy my pianos? People with money. People who are losing money in the capital gaines tax. Business people who have lost their shirt in the stock marked. He sure screwed our business. Big time.It’s a small store and since my owner is afraid of the payroll tax increase, we are talking about..who can we do without to cut down cost. I told my boss to go out in the parking lot and let every employee who has an obama sticker on their car go. Don’t blame me, I didn’t vote for him.

Not only are we losing our life savings, but in the 2010 budget Obama has proposed going from a zero death tax to a 45% death tax.

Does the man know that there are not too many of us that have excess capital to invest in stocks? Has he seen the last two weeks of nothing but posting losses by the end of the day? If I had money to invest, I would like to see the market turn even a little rather than continue its precipitous descent.
Also, as a parent of two college age students (with two other students to put through) we invested in the market (low risk stocks) as we were told to save for their college expenses. We are trying desperately NOT to use that money because with the market falling daily, its value has decreased with college tuition rising. We have been forced to take out more loans and hope that the market begins to recover so we can help our children pay back their loans upon graduation. Buy stocks now! How insulting and arrogant can he be?!!

Joanne600:”Sorry but nothing trumps Byrd”
I won’t be a bit sorry when Byrd leaves, but read up a bit on Thurmond. He holds the record for the longest single person filibuster in Senate history – 24 hours and 18 minutes in an attempt to stall the Civil Rights Act of 1957. He also ran for president on a strong segregationist platform in 1948.

I swear to God this man is crazy
Posted by: Raymond
**************************
Don’t tell me, bush wasn’t…LOL

Why can’t you keep an eye on the market? It is time to bring in a Wall Street guru. You have to keep an eye on the market, because you don’t live in a lab.

“Out of curiosity, how is David Duke (former R rep) doing?”
David Duke has been formerly disinvited by the GOP more than once. Anyone can call themselves anything and run for office. The national and state GOP endorsed candidates running against him in the primaries and then endorsed a Democrat running against him in the general election.
OTOH, the Democrats have honored their Grand Kleagle with leadership roles in the Senate for decades, even after his TV interview where he talked about “white #$%%#$%”.
I suggest you Democrats do something about that before you try to lecture ANYONE on issues of race.

jhw539 both parties have their dark side. Neither one is looking out for us no matter what they say.

“….now Obama has the amazing task of cleaning up that moron’s mess, and you people blame Obama?
Seriously?”
Seriously, because he’s made matters worse AND he hijacked this “crisis” to force through completely unrelated, pork-ridden liberal spending agenda.

I hope everyone enjoys giving the feds 45% in death tax when their parents pay away.
That’s what Obama has proposed in his 2010 budget.

Obama says WE have dug ourselves in a deep hole. I have paid my taxes,have a great Fico score,always paid my mortgage on time, did not use my home as a bank and did not purchase items I could not afford. I run my own business and have never allocated a huge bonus to myself especially if productivity was lacking. So please tell me where the WE corolates.

“I’ve always heard 5-10 years, and in light of current events I’m pretty satisfied with having pointed my parents in that direction. ”
More Democrat revisionist nonsense. The timeframe was always 3-5 years. I suggest a little education, start with Markowitz and Sharpe’s work.

I can not believe this president is leading down the road to socialism! anyone who voted for him is a TRUE FOOL! As a lifelong Democrat, I saw his lies from the start and anyone who ever read the little there was to know about him would have seen his vision for a Socialistic Nation.
For him, it was always about Black and White, although he did not let on to this while running! Read his books! It is clear he believed White people had run over the Blacks for too long and his mission was to fix the problem and distribute wealth to the poor people who most of were Blacks! (in his view).
He is and will be the WORST President in the history of our nation! That is if we have a nation left at all when he finishes dismantling it!

Joanne600 wrote: “The FACT is that capital gains tax rate is currently about HALF what it is under Reagan. The FACT is that Obama is proposing raising it equal the lowest amount it ever was. You seem entirely ignorant of how low the Republican borrow-and-spend government has driven tax levels in this country.
A progressive tax system was invented and put in place by the people who have the money for a reason – it is the ONLY approach that has ever, in the history of the world, been shown to support a prosperous and free country. Returning the tax system to closer to where it was in the 90′s, good years for everyone, is hardly class warfare. ”
I am sorry, but I have to argue your two points:
1. Does history for Liberals stop with Reagan? In the 1970s, Congress increased the capital-gains tax rates a couple of times until the maximum rate was almost 40 percent (precisely 39.875 percent). The combination of high capital-gains tax rates, along with high inflation in the late 1970s, was almost lethal to new investment: Capital gains were not adjusted for inflation, so the effective tax rate on assets sales often exceeded 100 percent. Considering how Liberals don’t understand economics, raising confiscatory tax rates will slow the economy. Reagan’s masterful tax cut (with a Democrat controlled Congress) showed an enorously positive impact for the economy. Even JFK cut the capital gains tax to spur along the economy in the 1960′s. (Ah Kennedy, the last tax cutting Democrat that saw an amazing supply sided boom)
2. Progressive taxation (a tenant of Marxism) has not been around all that long in the grand historical sense and seeing income tax passed as law in 1913. And we have seen two abject failure in our midst. Cast your eyes to jolly old England and France. Once great nations that thoroughly embraced Progressive taxation that have fallen from the perch. Add the entitlements and you have a recipe for disaster. France had a recession throughout the 90′s and early 2000′s and their unemployment is atrocious. Compare that to the Ireland and the Eastern European bunch that saw the greatest boom recently with the Flat tax that they introduced in the late 1990′s. So please stop saying that Progressive taxation is proven. The only thing it does is burden the top producers/workers/entrepreneurs from continued growth.

Peach:”I hope everyone enjoys giving the feds 45% in death tax when their parents pay away.”
Ah, the ‘death tax.’ “Everyone”? How many people have a parent with an estate of over $3.5 million ($7 million for a married couple)? Even adjusted for inflation that is a higher exemption than when the Republicans famously tried and failed to find one, single family farm impacted by the estate tax.
This isn’t Europe, in the US there is respect for the wealthy who earned it more than rich families and socialites like Paris Hilton.

I’m a long time Dem ..but what I am seeing now is just plain irresponsible. If the company’s that where given bailout money to help them get back on track fail..LET THEM and start supporting the little guys. I and the whole county want to know what the hell they all did with the money they were given.
One cant just blame President Bush for this mess were in as it goes back far beyond when his admin got their fingers into the pot. Granted Bush pushed it over the edge.
So tell us great Messiah Obama how can we “buy buy buy” when the masses have no jobs and Cash Cash Cash?

“I work in a music store, that sells high end pianos.($1,000.00 up to $125,000.00 WE ARE DYING!! ”
Leftists NEVER, EVER learn from history. By God, they just know THIS time with the “messiah”, the exact same policies will work.
Does none of them remember the complete disaster of a LUXURY TAX on any purchase over $30K which the Clinton’s passed to stick it to the “rich” in 1992?
Result: Exactly the same as today!!!!
It drove the boating industry and RV industries nearly into Chapter 7 and ended up causing the loss of jobs across the economy as the effects hit sales, marketing and other subsidiary industries.
Thankfully in that case, American woke up for a short period and thru the bum Democrats out of office in 1994 and repealed the stupidity.
God these people are morons!

jhw: ‘Don’t need to read about it. I was here and aware. If you or anybody else contends that the GOP supported civil rights in the ’60s, they are hopelessly mistaken. How do you think Mr. Helms became an icon; fighting against civil rights ( in the name of “States Rights, of course).

Stan:”It was DEMOCRATS, mostly Southern, like Fulbright and Gore Sr that stood in the way of the Civil Rights Act and kept Jim Crow the law of the land in order to maintain political dominance.”
By 1968 most of those Democrats, such as Strom Thurmond, had become Republicans and formed the core of the modern Republican party for a generation.

Depends on your definition of “long term” doesn’t it? You would have thought that 1996 to now was long term but now you’re back to zero return in that time frame. In fairness to Obama, one of his jobs is to exude confidence and do some cheer-leading. He’s the producer but he’s been given a very bad screenplay.
Unfortunately, our politicians are not the ones with the expertise to solve this financial quagmire (or apparently to select who should) but they are the ones doing it.
Everyone in the market should consider becoming a shorter term ‘trader’. It doesn’t have to be day trading – it can be something as simple as buying extreme weakness in the market with small positions and then selling on the ramps up for smaller profits here and there. That’s what makes sense until corporate profits get stabilized and things stop getting worse.

Brian:”I am sorry, but I have to argue your two points:
1. Does history for Liberals stop with Reagan? In the 1970s, Congress increased the capital-gains tax rates a couple of times until the maximum rate was almost 40 percent (precisely 39.875 percent). The combination of high capital-gains tax rates, along with high inflation in the late 1970s, was almost lethal to new investment: Capital gains were not adjusted for inflation, so the effective tax rate on assets sales often exceeded 100 percent. Considering how Liberals don’t understand economics, raising confiscatory tax rates will slow the economy. Reagan’s masterful tax cut (with a Democrat controlled Congress) showed an enorously positive impact for the economy. Even JFK cut the capital gains tax to spur along the economy in the 1960′s. (Ah Kennedy, the last tax cutting Democrat that saw an amazing supply sided boom)”
How is 20% suddenly a “confiscatory tax rate” when to Reagan, Kennedy, et al such a level was quite low (lower than Reagan was willing to leave it at)? Is it the mere act of cutting more important than the actual real level? What happens when we hit zero?
“2. Progressive taxation (a tenant of Marxism) has not been around all that long in the grand historical sense and seeing income tax passed as law in 1913.”
Are you serious? It was also a tenant of Adam Smith – was he a Marxist? “It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.” Wealth of Nations, Adam Smith
Do you have any grasp of the tax base of the US prior to 1913? If you look at the tranisition from import tariffs (paid by the wealthy) to land taxes (paid by the wealthy who owned land) to estate taxes (on the wealthy)… I really have no idea how you can claim that taxation prior to 1913 was not progressive.
And we have seen two abject failure in our midst. Cast your eyes to jolly old England and France. Once great nations that thoroughly embraced Progressive taxation that have fallen from the perch. Add the entitlements and you have a recipe for disaster. France had a recession throughout the 90′s and early 2000′s and their unemployment is atrocious. Compare that to the Ireland and the Eastern European bunch that saw the greatest boom recently with the Flat tax that they introduced in the late 1990′s. So please stop saying that Progressive taxation is proven. The only thing it does is burden the top producers/workers/entrepreneurs from continued growth. “

ceeLeelee:”I am not “agreeing” with you. I am pointing out to you that your response to msg was wrong as well as misleading. You totally lack credibility on just about every subject you attempt to “discuss.””
Really? Read what you posted. You honestly think that what Obama said was that he’d use a line item veto? You don’t think the President submits an annual budget to Congress every year? No point arguing in that case, I literally don’t speak the same language as you.

“Don’t need to read about it. I was here and aware. If you or anybody else contends that the GOP supported civil rights in the ’60s, they are hopelessly mistaken.”
It’s fun to read the fantasies Democrats tell themselves to make themeselves feel better. Democrats had a monopoly in the South from shortly after reconstruction until the 1970s. It was Democrats who wrote and enforced Jim Crow laws. There simply weren’t any Republicans around to blame. All the bigtime villains of the era, Bull Connor, Lester Maddox, etc., etc., etc., were Democrats. Democrats like to point at Thurmond and Helms while ignoring every Democrat Southern mayor and town sherriff, up to an including Robert Byrd. In fact, Byrd is in their ranks to this very day, and they attempt to play David Copperfield and make him disappear.
This isn’t a mystery, take a look at who voted FOR and who voted against the 1964 Civil Rights Act and the vast majority of the against names (while the majority of the GOP voted FOR it) were Democrats who remained Democrats to their dying day.
I say again, Jim Crow laws were written and enforced by Democrats.

I predict that the market will bottom out around 5500 turning around from there slowly and cautiously because even big money will have been deflated back into reality by then. Sure in the long run you might come out in the long run on some stocks if you bought them now. But most still have a significant correction ahead to adjust for the unchecked rampant inflation during the Bush era, overstated assets and misinformation that has gone unchecked until closer scrutiny is finally mandated. Investors are all cautious until Congress begins prosecuting the white collar criminals who have bankrupted the major institutions that make up Wall Street. Until there is a major house cleaning that involves stiffer penalties for corporate mismanagement and misstated financials investors are going to be cautious in whose financial future they will place bets on. Inflation has become rampant from Wall Street to the Real Estate Markets particularly in the Gold Rush boom areas of the Country like CA, FL, AZ, Las Vegas and Detroit. These areas have significant deflation in property values they must undergo before America as a whole finds solid economic ground. Just creating illusions that continue enabling or disguising the truth concerning what has happened to the once robust economy will not work from here on. Changes within our system will have to be genuine or any new decisions will only defer the eminent and add to the long list of failures that Americans now face that were primarily created by the Bush Administration’s neglect and malfeasance.

The markets may not be the bottom of the decline, but investing when stocks are down is the only way to make money. I knew last year that it was time to get out the markets. It was too high and anyone and everyone was investing, but I got lazy, waiting until it was too late and have losses on paper. It hurts, but I have to blame myself. That’s not to say that the lack of regulation of the financial markets didn’t cause the current crisis…the catastrophic and world-wide decline which is so severe it has no counterpart since the Great Depression comes from deregulation, high oil prices, and giddy speculation.

” You honestly think that what Obama said was that he’d use a line item veto?”
Obama said he would Barack “conduct an exhaustive line-by-line review of the federal budget…”. I guess he found nothing that bothered him.
Chalk it up to another campaign promise he never entended to keep. That list is pretty long already.

“Sure, every other first world nation has higher or MUCH higher taxation rates. ”
Sounds like this guy knows as little about tax rates as he does about Investing 101….

Stan:”Sounds like this guy knows as little about tax rates as he does about Investing 101….”
Can you provide examples of nations with lower income tax rate for the wealthy? Austria – 50%. Germany 45%. France 40%. Ireland – 41%. Japan – 50%. Do you have any facts?
I guess all the wealthy will flee to tax havens like Latvia or Romania, where they are sure to continue making just as much money, right?

I honestly wonder why we never see the financials of America? If we could examine the annual tax revenue, the debt service the cost of doing business broken down within reason and the projected budget then Americans would have something to base our opinion or concerns upon. Even something simple like a schedule of annual revenue in vs the projected expenses out. My point is that being kept in the dark concerning the financials of the business of the government creates fear and gives the republican talking heads an arsenal of ammunition they would not have if Obama would expose and clarify exactly what Bush has done. Obama’s Team best be auditing everything to be able to draw a genuine line between his taking the reins and the Bush Era or within two years Obama will own the entire mess and not be able to scrub it off with a Brillo pad….

jhw539 wrote: “Why don’t they leave? blah, blah, blah…”
At some point, the top 10% WILL begin to “leave”.
In fact, Singapore is BOOMING with cash heavy USA Ex-Pats, and even Lefty NYC Mayor Michael Bloomberg is getting scared. He is begging anyone who will listen within the ranks of the Democrat party, to stop raising taxes and bad mouthing “the wealthy”, for precisely that “flight” reasoning.

jhw539…the uk is lower than that. plus youre being misleading as usual because you forgot state taxes which those countries you cited do not have.more important you forgot fica tax ( sos sec) and medicare tax. so when you add it all up we do exceed alot of countries. moreover, the corporate is higher in the us and most other nations do not double tax dividends and interest . your argument seems to lack some facts. also those countries you cited have it worse than we do.so high taxes stifle growth. tax cuts do work and obamanomics is phony. enjoy your cap in trade at the cost of 1400 per family.

Obama is going to ‘invest’ TRILLIONS into businesses like AIG, Ford, GM, Bank of America, Citibank, Chrysler, and these are all still failing. Should we follow Obama’s example of this wise investment strategy?

catman:”jhw539…the uk is lower than that. plus youre being misleading as usual because you forgot state taxes which those countries you cited do not have.more important you forgot fica tax ( sos sec) and medicare tax. ”
The UK is 40% – how is that lower? My aunts over there will have a good laugh at the suggestion they have lower taxes (a regular source of ribbing between them and my US citizen father). Is that new math of some sort?
Not all states have state income taxes (I grew up in Washington state). Also, the US does not have a national VAT, local council taxes, different real estate taxes, lower estate taxes (zero at the moment), etc.
Really quite amused that you offer up nanny-state Britian as an example of low taxes.

Obama is now a tout for the stock market. He needs a new blog telling investors when to buy, when to sell. Hopefully, he will tell us to sell before he publicly announces some new twist to his plan.
As for me, I’m not waiting for that middle class tax cut of $13. I’m getting a cash advance on my Citicard for that $13 and letting it roll on the purchase of Citicard stock.

Does Obama think he can do better than our founding fathers? Their system has worked reasonably well for over 200 years.

jhw539: “How is 20% suddenly a “confiscatory tax rate” when to Reagan, Kennedy, et al such a level was quite low (lower than Reagan was willing to leave it at)? Is it the mere act of cutting more important than the actual real level? What happens when we hit zero?”
Ah, the heart of a true Liberal. What happens when it hits zero, you ask? We starve the government and put the power back in the hands of the people! Prosperity would rule the day.
“Are you serious? It was also a tenant of Adam Smith – was he a Marxist? “It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.” Wealth of Nations, Adam Smith
You ever hear of charitable donations? Like the ones Obama wants to do away with? Your proportionality rules never apply to the giving that the “rich” seem to do every year. Out of kindness. Not as an absurd tax shelter. Stop being cruel.
“Do you have any grasp of the tax base of the US prior to 1913? If you look at the tranisition from import tariffs (paid by the wealthy) to land taxes (paid by the wealthy who owned land) to estate taxes (on the wealthy)… I really have no idea how you can claim that taxation prior to 1913 was not progressive.”
Prior to 1913, we didn’t have income taxes except for a few times (Civil War et al) and we got along just fine?
How about this concept: we live in a society, we all contribute to society, everyone should pay the same percentage, be it 15-25%. That way there is social justice and EVERYONE contributes. We have too many tax cheats out there (like Obama’s Cabinet nominees) and an overly complex system. Make it easier, to heck with the accountants, the IRS and the lawyers.

ceeLeelee:”Considering that a number of people have been quoting Obama about this very same subject, you still remain in denial. I wonder how we all came up with the same quote?
No problem. It is what it is.
Another Obama lie. ”
How hard is it to provide a citation for the quote then? Just because a bunch of Republicans are telling the same lie (big surprise) doesn’t make it true. Obama never said he’d use the line item veto to go through the budget passed by Congress. Find a citation and make me a liar.

deanbob wrote: “Cap and trade is based on junk science.”
No, it is “Anthropogenic (man-made) Global Warming” that truly “is based on junk science.”
“Cap and trade is based on” very sound economic “science”, which tried and true principles state, making any commodity (in this case, the release of atmospheric carbon) more expensive, raising the price of that commodity and therefore, indirectly, limiting the consumption of that commodity.

HOW CAN WE AFFORD TO BUY STOCKS. IF THEY CONTINUE THEIR PRESENT SLIDE ITS JUST THROWING MONEY AWAY. THEY NEED TO GO AFTER THE BANK EXEC WHO CONTINUE TO PROFIT FRON INCOMPETENCE. LET THEM LOSE THEIR JOB, WHO WOULD HIRE THEM?

What a complete Moron we have for a President. How about opening up that Obama “Hope” chest you were blabbing about during your campaign and closing the lid Pandoras Box. Then just go take a long nap somewhere and shut your lying mouth. You’ve botched everything you’ve touched.

Great, now he wants us to invest in the stockmarket. He just don’t get it. What America needs to do is stop paying taxes. Then Pres. can fill the rest of cabinet with non-tax paying Americans. Those fella’s who didn’t pay their taxes are the only one’s doing well. We on the other keep getting handed higher interest rates, lower home values and possibilities of foreclosure… Oh yeah, let’s duplicate what California is doing, because they are successful. What a plan.

When is this network going to stop kissing Obama’s ###. This guy is all about big big big government and his (evil/ master) plan is starting to show.
Whatever happened to the “no pork barrel spending” and “I’ll look at everything line by line…” ?(paraphrased of course). I guess whenever Obama speaks the line that comes next is “########…”
I can’t say I have any sympathy for the Obamatron’s that voted for him. Thank you all for expediting the transformation of this country into a bunch of socialists. Morons…
And ABC- are you willing to admit that at some point you will have to turn on Obama when his administration screws this country so bad that even you liberal puppets can’t deny what he has done?

Just Tex | Mar 3, 2009 6:44:01 PM….Thank you for interpreting my statement. 31,072 scientists speak a lot louder (to me) than some government employees who have a vested interest – a job.

I would LOVE to buy stocks in the stock market & help boost all of us out of this Economic Black Hole BUT I HAVE ALREADY LOST 50% of my money in the stock market so I am TAPPED OUT! AIG and CITI and the rest of these RICH swindlers should have to sign a contract with us taxpayers that THEY will pay us taxpayers back by BUYING STOCKS! Let them pay for the money they’ve LINED THEIR GREDDY POCKETS WITH.
OUR MONEY! I am heartbroken to lose my savings since I planned to retire in 5 yyears– but now probably will never be able to. INSTEAD OF BAILOUTS FOR BANKS–iif the Stimulus package gave money DIRECTLY to the taxpayers and ONLY US–
a stipend based on our INCOME– then the economy would rebound because WE would use the money WISELY and put it back into the economy and our houses, mortgages, businesses, and debt. Why doesn’t the govt. think of this method of stimulating the economy? None of us working people have a DIME left to buy stocks! And who can we trust anyway? NO OONE in the corporate financial or banking industry, that’s a proven fact!
As for the UTTERLY INCOMPETENT SEC– that’s what Pres. Obama and those idiots in Congress should work on next!

Obama said he wasn’t focused on “the day-to-day gyrations of the stock market, but the long-term ability for the United States and the entire world economy to regain its footing.”
How clueless can a president be? Stupid IS as stupid does.
My husband and I are upper middle class and we have been dumping our stocks since Obama’s election. You see, we did our homework before the election and knew that this man was out to destroy capitalism.
We continue to sell stock, buy gold, hold onto cash. We know of a successful stockbroker (who voted for Obama) who is literally wringing his hands over the destruction “The Messiah” has caused and continues to cause during his reign.
Note to Obama: Pay attention to the American working people (the ones who have 401K’s and other investments)because we are REVOLTING by getting out of a market that has NO chance to grow as long as YOU stick to your socialist/Marxist policies.
The plunge in the DOW is more than just “gyrations”, it is more like a destructive earthquake!

The thing is, this is EXACTLY what Obama wants. By destroying all the wealth and savings of every American’s 401k plan, every American will be dependent on the government forever and we will have the socialist state he wants.
That’s what the taxes are about as well. His main objective is to destroy all independent wealth.

Sharon W do alitle research you will find bush inherited those policies from clinton.

How much stock did Obama buy today.

Sharon
The Democratic destruction of the credit market absolutely dwarfs the cost of the Iraq war.

Jim Cramer called it right.
Obama Budget “Greatest Wealth Destruction By a President”
His mouth piece laughed and then said well.. err umm. let me be careful.
WELL OBAMA wasnt carefule he was reckless and the peoples Pensions IRA’s and 401Ks are suffering. Wall Street is main street if you have a retirement account.
Obama is a fool.

How much stock did Obama buy today. Let watch Obama empty HIS ENTIRE savings as well as his Cabinets savings out and invest all of the pensions in the market.
Then lets see if he will care. He is trashing the country for his socialist agenda. Obama cant build anything so instead he is tearing down everything.
Jim Cramer called it..

The more I hear about this so called Stimulus Bill, the less I think of it.
I have lost all confidence in the ability of government to pull us out of this. I have pulled most of my money out of stocks. It is in interest bearing accounts and will probably stay there for the next 3 to 5 years.
Obama is attempting to copy FDR. It didn’t work then and it isn’t going to work now. I think everyone in Washington failed Econ 101 and never studied U.S. History.

where is Obummer’s financial advisor’s license????

obummah and gietner… to deer staring into headlights

All neo-con Republicans please just short the market. That way you can stop blaming President Obama for ruining your retirement accounts.
Put your money where your mouth is.

hey…where is nancy palouusi these days? got her locked up with a sock in her mouth?cap and trade is going to cast everyone 1400 a year that you already dont have. what brilliance this adminstration has shown, fix the financial markets before you invest in windmills and bullet trains. pure robbery.

What am I suppose to BUY BUY with.

Paul | Mar 3, 2009 7:32:10 PM….I am and I have bought PROSHARES ultrashorts EFTs. But not everyone can. What about what is happening to the business(cutting staff anticipating taxes or just going out of business) and ultimately the people?

Jake Tapper,
“It’s Time to Buy?! Obama Turns Bull-in-Chief”
“Bullish Obama Suggests Nation Should Buy! Buy!”
Purely objective, fair, unbiased headline, right?
Thanks for the report
independent viewer/reader

Shut up Mr President. You irresponsible
baffoon.

1. I doubt that the President has ever made a stock transaction in his life.
2. If the president is serious about his rhetoric then provide some long term capital gain incentives other than “screw you investor”.
3. Financially I am where I was in the early nineties. My recommendation is screw the market and either go with CDs if you are conservative or hit the casinos. Either will probably give you better returns. If neither, the government will bail you out.

What am I suppose to BUY BUY with. …..Will hope and change buy anything?

heard the govt is going to tax asprin….because it works.

deanbob wrote: “I read a UK Guardian article that even said the UK cap and trade program had failed to reduced fossil fuel usage to date.”
Unlike the US, the UK no longer has a heavily industrial/agrarian based economy, which require enormous amounts of fuel. In effect, they‘ve largely limited and priced themselves from participating within those economic areas.
However, even with that, per capita fuel consumption in the UK is continually edging downward, by significant amounts each of the last ten years. That drop is primarily due to ridiculously high carbon/general/area wide fuel taxes, combined.

sarah palin runs circles around this bunch…she actual balances a buget and not on producers backs. might be heading to alaska to make some coin.

Lady J wrote: “I still don’t know what this “stimulis” plan is suppose to do for me and my family.”
If you’re a productive citizen, nothing. If you’re a slacker, everything.
Lady J wrote: “We work hard and are fortunate to still have jobs – for how long – who knows.”
Rest assured, Obama “knows” for how “long”. Until you’ve been beaten and battered, then succumb to the wishes of his BIG government plans…
Lady J wrote: “If you want to stimulate my economy — take some of the 700 Billion and give us back what we paid in Federal Taxes.”
Give it “back” to you? That would make entirely too much sense. Don’t expect that to happen any time soon…
Lady J wrote: “We would then have money to catch up on our bills, maybe a down payment on a house or buy a car … but buy stocks – with what???”
At this point, it would be foolish to “catch up on” your “bills”. Why bother? Obama’s going to continue to build debt and steal from “the rich” to give to “the poor”, his voter base, for as long as he can get away with it.
Lady J wrote: “And even if I bought $100.00 of stocks the way it is going it would disappear before I ever saw any benefit.”
Bingo!
Lady J wrote: “I might as well put it in a slot machine or play the lottery because we all know that we ar going to win! and if you believe that then there is a bridge I would like to sell you!”
Just sell the “bridge” to Obama. Inside the stinkulous bill, he’s building dozens of bridges to nowhere. Surely, one more wont make any difference at all…

TJ175 were you one of those that was bragging that obama was on the job the day after the election?

The economy will never be better as long as there are republicans spewing hatred. That includes the media.

The current market needs time to adjust completely to the fact that Paulson (republican) stole everybody’s money for Bush and Goldman Sachs. Once we figure out where they’ve stashed it and thrown them in jail, investors will have confidence and invest long-term again.
Enforce naked short-selling rules and bring back the uptick.

Obama lied; the Economy died!

Why should people invest and try to get rich, when the one and only guarantee in investing is there will be a higher tax waiting for you when you profit. This is no longer the “land of opportunity.” It has become the land of picking up the slack for those who won’t do for themselves. The foundation of this administration was to take from those who are willing to take chances and prosper, and now Obama has the audacity to ask the American people to invest and save the failing markets. Does he no longer see the middle class suffering? Obviously he doesn’t because the middle class is being laid off by the thousands daily, but yet he wants them to spend money!

“Dow Jones on Jan 19th 2009: 8,281″
Dow Jones on March 3 2009: 6,705

For those of you saying he’s only been in office two month, do you not remember he was a Jr. Senator? He had every opportunity to do something about the financial greed of Wall Street then, but yet he himself was a recipient of earmarks which made him look the other way and ignore the “evil” of Wall Street. Obama who has stated that the banking system has failed because of “poor past regulation” made no efforts during his Senate term to begin any investigational inquiry? Yet he campaigned that only as President he could make such inquiries and changes, and the American people bought it and believe in it. Not only does he not know the system, but ponder this thought how easy was it to start inquisitions and hearings about baseball and its steroid use or football and the illegal taping of teams? Within weeks people were brought in to testify on these on matters, but yet he had to be president to make inquiries or changes?

SAVE SAVE SAVE!! more bad news is coming! The swiftest action by the federal government has caused 1/3 of all wealth in the US to disappear. We are on a crash course to socialism. the market isn’t hovering is falling at record numbers. The feds are still spending like no tommorrow. We will pay for who we put in office.

If you give me a bailout for 20 million I promise I will put at least! 2 million dollars back in AIG and Citicrap. Promise!

Jamie there are plenty of places where I live that you can surf for free.

Really, both political parties are to blame, in some part, for the mess. Both parties need to pay a political price. Americans need to quit voting for the same old, same old every election.
A system where the rich get richer and the middle class gets poorer will not last. There will still be rich, but America will be gone…it will be just another Mexico.

Me ….at the rate obama is spending I would say cardboard boxes are looking pretty good.

Facts are the republican controlled congress & G.W. had control of all the government for a full 6 years, leading up to a partial split in the senate for the last 2 years. So, the lions share of power was in the republican hands & they TOTALLY DESTROYED the economy. I have yet to ever hear any republican take any blame for what has taken place. Bush had his own stimulus checks sent out to every american. You never complained & cashed your check like the Welfare it was. You right wingers are so 2-faced & uneducated, it is almost funny. If the reps say it is god, you trust them. If the democrats do anything, good or bad, you only talk about the bad and take credit for anything good. Now, you got booted out of power and are acting like my 7 year old when i told her,”no Ice Cream”. It is going to be fun to watch you people moan & groan for 4 more years.

“Now, you got booted out of power and are acting like my 7 year old..”
Your 7 year old is a Republican?

I’ve been out of work now for three months without the benefit of unemployment. In the past I could find a job 1-2 days later without any difficulty. Now there is nothing; I have sent out 30-40 cv’s in the last 6 weeks with 2-3 responses.
As I see it the stimulus pkg is not going to do anything for me. I need a job now where I can generate a modest level of income to support myself. $10K to $100K is not going to do me any good, I need the satisfaction of going out and getting job and making my own way. Frankly, I am bored and disgusted with the whole situation. Another 12-18 months of this (maybe longer), I don’t think so. I am at the end of the rope.

Obama: “Buy stocks now, so we can tax all your capital gains should your stocks’ value manage to outpace the hyperinflation our budget will cause.”
Now, reflect for a minute that this argument makes perfect sense to a Democrat.

Wall Street Investors (the big ones) don’t seem to think its time to buy, buy buy. In fact they don’t seem too pleased with Obama’s financial Plans. The main problem is Geitner doesn’t seem to have an actual plan for the banks. I don’t see how Unemployment can improve when Wall Street is in the tank. If Companies don’t have confidence in the Economy, they’re not going to Hire. First Wall Street, then Jobs. That’s how it has always worked.

Yes, buy, buy, buy Fancy Feasts, plenty of catnip, and those less offensive organic flea collars. Goodnight. Time for a prolonged catnap and then an extended period of perambulating. Tah-tah, toodle loo, Ciao.

o.k., lets look at this for a moment.
i think a LOT of it started with NAFTA, then theinfomouse notwisedome of the government keep on going giving jobs away(over the border regardless of whare). it like a soda bottle with a hole in it, soooner or latter its GUNNA run oput of fluid,as did the economy. so, if we set on our rumps do nothing, then WE are just as guilty as them brainchilderen in DC
i was once told” when you beech about the problem you become part of it”
pepper them idiots in DC with complaints, make them HEAR you voice and thoughts, rember:” the wheel that squeaks gets the grease”
so, lets start SQUALLING!

I am an American with a sense of entitlement, because my country owes me something. I should be provided with full medical insurance, a free ride to college, a living wage, a meal, and a federally subsidized mortgage to buy a few pieces of property. I should have bank CD’s that pay out 7% so I can have a secure retirement, plus a government pension for the rest of my life after I turn 38.
The difference between myself and the vast majority of Americans is that I deserve these things for a reason, I put my country first. Now the federal government is taking care of me. I am the pride of the United States Naval Service, I will celebrate my 21st birthday in Afghanistan, what have you done to earn your false sense of entitlement? Im 19 and independently wealthy in my own right. My investments generate much more then my expenses, and Ill be writing off my losses from WaMu and Citi for decades to come. Yes the government has helped me jump start my life, but thats because I gave something back to America before I asked for anything. Maybe some of you should be more careful as to how Obama spends your dollars

Paul and you Party Bashing sheeple…
First Paul, if you are now OUT OF BENEFITS – get off your duff and go produce something! Want health insurance, BUY insurance! Can’t afford insurance, go start an Insurance Company.
Get some sort of reality education as to who is doing what. The Dem and Rep platforms are little more than a Ring Master show at the circus to keep our eyes of the prize.
If you can’t do anything other than be an Employee, then you are getting what you deserve, because after all these years (and I am talking DECADES) of voting in or not voting out these Liberal Idiots from Congress, then this is the result of ALL Socialist Agendas!
they always implode upon themselves, all the while eroding personal Liberties and worse yet — Community And Commonality.
You are sitting here Waiting for the Government to do something for you when the reality is you should be self sufficient to do it for your self!
They ARE the problem, not the solution. And if you vote for one more Welfare Program or Bailout, then you are too the problem.
Money is simply an exchange medium for ones Time and Expertise. Policy has made it so not only is the Federal reserve Diluting (think about Common Shares of Stock and the company keeps printing shares from Treasury – this is NO DIFFERENT). But here is the Kicker – because of all the Welfare Programs, and this Includes the Bailouts, which it sounds like most of us told our Reps and Senators not to vote for, because people and businesses are getting dollars (Time and Expertise) for NOTHING – they have eroded all Integrity of the Currency!
This has very serious consequences to the Confidence of the system. the very problem Obama and staff are stating their concern with and attempting to return. Unfortunately, by dumping more worthless bills in the circulation, they are further eroding the integrity of the system.
So keep voting for Liberal Agendas, both lead by Reps and Dems. You will get what you deserve as Every Socialist Society eventually implodes upon itself.
If you have good intentions and a lover for America, you will GOYA and go help your neighbor – bringing back Community and Commonality as the Real Solution.

Hi. I am not from US. But, I simply have to say this. I was very amused the other day when I read a comment from someone saying that your President mentioned 57 states in US during his campaign. We read about our country ‘s history and geography in school. I have even read about US having 50 states and their names. Don ‘t you have an education system in school that teaches such basic about your own country?But, more importantly, I am very curious… How did 50sth percentage people vote for someone who DID NOT EVEN KNOW THE NUMBER OF STATES in his country?Even someone who has not been to US and living outside US knows that!!!Hope is one thing…but, there is none so blind as those who will not see, none so deaf as those who will not hear.. people keep saying give your Pres a chance…at the sake of YOUR COUNTRY???I read about McCain asking abt 2% earmarks of the 410 billion dollar bill. Someone(democrat?) said that it is only 2%..yes, but, use maths..how much? a few billions??Honestly, what is wrong with Democrats? I have posted once or twice asking serious questions but got harsh or bad language as answers..i read posts from people(republicans) earnestly asking questions because they are really worried about where the country is heading…and democrats use bad language with no SENSIBLE reply…why are they so blinded by one person at the expense of their country? when someone asks a smart question, the other person should answer it. At the end of the day, it is not about party or one person,it is about the American people!!And your media, MSN, etc seems VERY BIASED towards Obama..oh yes!the chimpanzee cartoon by Murdoch..i received a whole set of Bush photos(really bad ones) through e-mail once…I did not feel good receiving such condemning photos of A PERSON…to all those who read this, this is my opinion. I do not know much about Bush and his policies…but he strikes me as a simply guy from Texas and all his “photos”(his expression of finding the door locked in China, etc)all reinforces that he is a simple guy!Do you know that Obama is campaigning overseas…something called Obama magic campaign NOW?where is the money coming from?he is POWER CRAZY!!!Bush was not!And for those who keep bashing Bush, read his sole pun joke about the shoe thrower!He took it in his stride and told that he saw the guy ‘s soul!!! Obama ‘s background, etc etc gives MUCH doubt to his aunthenticity and it is sad that your country is heading for disaster(it will all come out one day though obama people(including the media!) will try to cover up or point fingers at others!). so, for all democrats, this is not about politics. do not act blind, stupid and deaf and let such a powerful nation fall down, it is already dependent on China, why increase all the deficits and massive spending….millions for obama campaign, inauguration, campaign overseas NOW(who is paying?),millions for GAZA, billions of earmarks, what next? if he had really cared, then, he would not have spent so much for HIS SHOW (150 million??)wnen people in America are suffering..I would not have if I am the President..that is what love is all about!Bush has a failing that I can see clearly…his PR is really bad and he does not seem to know how to SHOW OFF…but I find him more genuine(simple) and i believe that he does love his country..he is a country person??
when i read about Obama winning, I got the impression from the media that he won with a high majority like 90%..i only found out much later that it was 50sth%…your media is being controlled by Obama and his gang…no??read all the news and the hidden important news..not written as few billions but ONLY 2%(indeed!)

Less talking and more doing… Obama says one thing but all his actions point toward more bad economical news. This recession is not going to be over by introducing mew taxes and telling the american peoeple to go buy stocks… there are no shortcuts it will take many years for the markets to go back to where they were pre-bubble, the whole concept of a bubble is that after it bursts it is gone forver, forget about the last happy years they are not coming back Mr. President. Just read about mortgages for example 30-year-fixed-drops-to-510-percent as much as the interest going down in real life nobody is borrowing and nobody is buying houses, this is more than a numbers crisis.

Our president should call Mr. Mitt Romney for a private economic tutoring.

23deb,
/——
Wall Street Investors (the big ones) don’t seem to think its time to buy, buy buy. In fact they don’t seem too pleased with Obama’s financial Plans.
——/
So thieving players of Wall Street don’t like the plan? You might be interested in knowing that Wall Street rallies EVERY TIME AMERICANS ARE LAID OFF AND REPLACED BY OUTSOURCED/INSOURCED FOREIGN WORKERS. What makes you think that Wall Street has ever been on your side?! Honestly!

Obama flip flops from week to week just like he did during the election. The people crazed over him won’t listen to reason because they are charmed just as a few other past leaders have been able to charm the masses. The problem with that is that it only lasts for so long. Eventually he will have some explaining to do. IF people put their money in the market right now they will lose it and have him to thank.

Obama is bogus. He promised a lot to the art community. I’ve yet to see any movement on his promise to create jobs for artists across the US. I don’t see anything in the form of health care for creative professionals either. All I see is that he hired an infringer, Shepard Fairey, to design his poster. Why should I believe him about the market when he lied about supporting art.

This time around, if the fat-cats get a discount, so should we!
———
March 4 (Bloomberg) — Patricia Greenberg’s townhouse in Irvine, California, was losing about $10,000 a month in value when she received a letter in February 2008 that looked too good to be true: An investor was offering to cut her $472,000 mortgage by 26 percent and her monthly payment by a third.
“I didn’t want to get involved in a scam,” says Greenberg, a cosmetics saleswoman for Orlane Inc., who had bought the house with no money down eight months earlier.
It was no ruse. New York hedge fund manager Ralph DellaCamera Jr., says he’d purchased the mortgage for 60 cents on the dollar and forced the originator, MLSG Home Loans of Reno, Nevada, to eat the loss. Protecting his investment, DellaCamera lowered Greenberg’s debt to keep her in the home. She now pays $2,400 a month instead of $3,800 and plows some of her savings into upgrading the Cape Cod-style residence.

Everyone I know lost about half their money in the stock market crash — what does The One expect them to use to cleverly buy stocks now that the prices are low?
I’m beginning to think our President is a pretty shell with no brain in his head. He has a lot of radical theories to spin, but has never lived outside the cocoon of the little world of privilege.
Running a national government is not the same thing as community organizing scaled upward.

Please, I don’t ever want to hear the name of Ayn Rand.

Atlas Shrugs huh…Interesting since one of the FOUNDING MEMBERS Rand’s “Collective” and the Objectivist movement was Alan Greenspan and we know how much we love his applications of the “Self first, Capitalism and ignoring of the elderly, disabled and weak” Rand philosophy…
However, I agree with her that aggression or initiation of force is immoral and that organized religion is pointless!

“Exactly! When Bush, Paulson and Cox are thrown in jail and we find out where they’ve hidden our money, we will see this market rebound.”
I can’t tell if that was sarcasm or not.

Duh…buy now? You gotta be kidding. That is Not very smart.
In particular, with what Omaba has been doing and promising.
There is only one direction for the market and it is much lower, unless Omaba changes his life time views.
Look for next rally and raise cash.

What’s a “profit and earnings” ratio, Mr. President?
If you don’t know the market, don’t tell people to buy stock.
This is what happens when the teleprompter’s not there.

Are there really people in this country that still believe that Bush was a good president…..SICK MINDS….

I Pres. Obama is just doing what he think is the best thing to do w/ the country. I know to the fact that before he do things like this he do ask his advisers to what is best thing to do w/ the US economy.